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Valdymo koordinavimo centras Governance Coordination Centre

Municipality Owned Enterprises

SĮ „Susisiekimo paslaugos“ was registered on November 23, 1998. The main activities of the company are organization of public transport, organization of maintenance of public transport infrastructure, organization of parking tolls, traffic monitoring and traffic light management, administration of traffic light control and traffic violation recording systems.

Financial results

P/L Statment

2018 2019 2020 2021
Revenue 39,033 40,115 28,228 27,327
Cost of goods sold 30,050 30,688 19,422 18,411
Gross profit (loss) 8,983 9,427 8,807 8,916
Gross profit margin 23% 23% 31% 33%
Operating expenses 7,726 8,679 8,906 8,719
Operating profit (loss) 1,257 748 -100 197
Operating profit margin 3% 2% -0% 1%
EBITDA 1,962 1,817 690 650
EBITDA margin 5% 5% 2% 2%
Net profit (loss) 1,084 668 -29 279
Net profit margin 3% 2% -0% 1%

* Left axis

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*** All data in Profit and Loss Statement table and corresponding chart is in EUR thousand, unless otherwise noted

Balance sheet

2018 2019 2020 2021
Non-current assets 9,200 8,394 7,528 7,570
Intangible assets 935 822 534 460
Tangible assets 7,888 7,101 6,954 7,065
Financial assets 347 441
Other non-current assets 30 29 40 45
Current assets 13,343 8,706 4,640 9,081
Inventories and prepaid expenses 44 80 79 127
Accounts receivable in one year 9,886 5,707 2,720 5,351
Other current assets
Cash and cash equivalents 3,413 2,920 1,841 3,603
Total assets 22,580 17,180 12,194 16,962
Equity 6,355 5,707 4,723 4,946
Grants and subsidies 3,023 2,662 2,300 2,231
Liabilities 12,192 7,706 4,563 5,376
Financial liabilities 5,086
Long-term liabilities 401 52 92 85
Short-term liabilities 11,791 7,654 4,471 5,264
Equity and liabilities 22,580 17,180 12,194 16,962

* All data in Balance Sheet table and corresponding chart is in EUR thousand, unless otherwise noted

Financial ratios

2018 2019 2020 2021
Capital return ratios
Return on assets (ROA) 4% 3% -0% 2%
Return on equity (ROE) 17% 11% -1% 6%
Return on capital employed (ROCE) 24% 17% -1% 5%
Capital structure and liquidity ratios
Debt / asset ratio (D/A) 0.80
Current Ratio 1.13 1.14 1.04 1.73
Quick ratio 1.13 1.13 1.02 1.70
Turnover ratios
Asset turnover 1.51 2.02 1.92 1.87
Fixed asset turnover 3.42 4.56 3.55 3.62
Equity turnover 6.12 6.65 5.41 5.65
Profitability ratios
EBITDA margin 5% 5% 2% 2%
Operating profit margin 3% 2% -0% 1%
Net profit margin 3% 2% -0% 1%
Other ratios
Dividends to the Municipality 981.00 797.92 56.22 17.20
Dividends paid / net profit 0.90 1.19 -1.96 0.06

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*** Dividends to the municipality in Financial Ratios table is in EUR thousand

Financial statments

Expectations of the municipal

Letter of Expectations

About the company

  • Official nameSĮ „Susisiekimo paslaugos“
  • Legal formMunicipality enterprise (SĮ)
  • Company code124644360
  • SectorPublic transport
  • Line of businessPublic transport
  • Representing institutionVilnius city municipality
  • Share belonging to the Municipal100%
http://www.vilniustransport.lt/lt/
ROE

5.6%

Number of employees

205

Financial data provided as at end-December 2021